RECESSION WATCH, Economic Update, & SOFR Trouble
The Bitcoin Layer
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Economic Insights: Job Market Trends and Implications
This chapter analyzes recent economic indicators from the US job market, highlighting an unexpected rise in job openings and a notable drop in the quits rate. It delves into the implications of these trends for labor market sentiments and potential regulatory actions from monetary authorities.
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In this episode, Nik recaps the day in economic data and financial markets, including a look at JOLTS and the slowing labor market, weak ISM manufacturing data and prices, and the repo market. In the most important financial development of the day, elevated SOFR volumes and repo rates confirm there is some scarcity in the money markets. We believe this type of calendar activity may signal an end to QT very soon. Catch up on Treasury yields and money markets with this timely global macro update.
The Bitcoin Layer is a bitcoin and global macroeconomic research firm.
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